For peace of mind, and to ensure you know what you’re going to pay, ask your lender exactly what fees are included in the APR figure they offer you.
Each lender has their own terms and conditions, please review their policies for further information
Exclusions. Residents of some states may not be eligible for some or all short-term, small-dollar loans. Residents of Arkansas, New York, Vermont and West Virginia are not eligible to use this website or service. The states serviced by this website may change from time to time, without notice. Credit Implications. The operator of this website does not make any credit decisions. Independent, participating lenders that you might be matched with may perform credit checks with credit reporting bureaus or obtain consumer reports, typically through alternative providers to determine credit worthiness, credit standing and/or credit capacity. By submitting your information, you agree to allow participating lenders to verify your information and check your credit. Loans provided by independent, participating lenders in our network are designed to provide cash to you to be repaid within a short amount of time. The short-term loans are not a solution for long-term debt and credit difficulties. Only borrow an amount that can be repaid on the date of your next pay period. Late Payments of loans may result in additional fees or collection activities, or both. Nonpayment of credit could result in collection activities. Every lender has its own renewal policy, which may differ from lender to lender. Please review your lender’s renewal policy.
2. You have an excellent credit and don’t want to spoil it, that’s why need fast money to pay back the other loan, maybe a mortgage.
Consider seeking professional advice regarding your financial needs, risks and alternatives to short-term loans
You borrow $1,000 with an APR of 3% over 3 years (assuming an annual APR calculation). Year 1 interest: 1,000 x 0.03 = 30 and 30 + 1,000 = 1,030 Year 2 interest: 1,030 x 0.03 = 30.9 and 30.9 + 1,030 = 1061 Year 3 interest: 1,061 x 0.03 = and + 1,061 = 1, In total, you’ll pay back $1, at the end of the finance period.